Economic Development

Draft - Still needs more analysis by our staff

RAISE Discretionary Grant

USDOT discretionary funding for transformative transportation and infrastructure projects with significant community benefits.

Amount: Awards typically range from $1M to $25M for planning and capital projects Deadline: Feb 28, 2025 Location: United States

Recompete Pilot Program Grants: How Distressed Communities Can Win Up to $50 Million for Jobs, Workforce, and Infrastructure

If you work in a place where “good jobs” feels more like a slogan than a reality, the Distressed Area Recompete Pilot Program should be on your radar in flashing neon.

Type: Grant Amount: Strategy Development Grants up to $500,000; Implementation Grants up to $50 million Deadline: Periodic NOFOs; next round expected late 2025 Location: United States

Treasury New Markets Tax Credit Program

Permits individual and corporate investors to receive a federal income tax credit in exchange for making equity investments in certified Community Development Entities that finance projects in low-income communities.

Type: Tax Credit Amount: 39% federal tax credit claimed over seven years on qualified equity investments Deadline: Annual CDFI Fund allocation application window (varies each year) Location: United States

USDA Rural Business Development Grant 2025: Funding for Small Town Growth

A complete guide to the USDA Rural Business Development Grant (RBDG) for 2025, supporting infrastructure and technical assistance in rural areas.

Type: Grant Amount: $10,000 - $500,000 (Varies by project type) Deadline: Feb 28, 2025 Location: United States